Equity-based lending options in Vaughan

Why Vaughan homeowners look at private lending

Vaughan's detached housing in Woodbridge, Maple and Kleinburg tends to carry strong equity positions, which opens the door to second-position and equity-based options when banks tighten up.

Whether you've been turned down at the bank, you're self-employed, or you need to move quickly on a closing, equity is usually the most important factor. Most lending partners look for the combined balance of every mortgage that will sit on the property to land at roughly 75%–80% of the appraised value.

Common scenarios in Vaughan

• Refinancing a mortgage the bank won't renew
• Consolidating high-interest credit-card debt against home equity
• Stopping power of sale and reinstating a mortgage
• Bridging the gap between selling one home and closing another
• Funding a renovation that will increase the property's value

Future Lending Group is a referral service, not a lender or a licensed mortgage brokerage. Inquiries are referred to licensed lending partners. Rates and approvals are determined by the lender.